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K92 Mining Inc (TSE:KNT)
TSX:KNT
Holding TSE:KNT?
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2019
|% Change Since: 16.43%
|Next Earnings Date:May 08, 2019
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in safety, production, and financial performance, along with strong progress on expansion projects and exploration success. While there are challenges related to cost management and reliance on future expansions, the overall outlook remains positive.Company Guidance
During the K92 Mining Q3 2024 earnings call, the company provided robust guidance, highlighting several key metrics and achievements. Safety remained a top priority, with the third quarter marking the fifth consecutive zero lost time injury quarter, bolstered by enhanced safety systems and increased job safety assessments. The company achieved record quarterly production of 44,304 ounces of gold equivalent, processed 104,992 tonnes at a head grade of 13.8 grams per tonne gold equivalent, and reported significantly reduced cash costs of $584 per ounce and all-in sustaining costs of $941 per ounce. This performance positions K92 well within its 2024 guidance range of 120,000 to 140,000 ounces of gold equivalent. Financially, K92 reported Q3 revenue of $122.7 million, sold 45,248 gold ounces at an average price of $2,388, and maintained a strong cash position with $120.3 million in cash and working capital of $122.8 million. The ongoing Stage 3 and Stage 4 expansions, aiming to elevate production to over 410,000 ounces gold equivalent per annum, are fully funded and progressing well, with the Stage 3 plant commissioning anticipated in Q2 2025. The company's financial outlook remains strong, supported by high gold prices and strategic financial maneuvers, such as put-option contracts protecting against downside price risk.Record Safety Milestone
Achieved 5 consecutive quarters with zero lost time injuries, enhanced safety technology, and increased job safety assessments.
Record Quarterly Production
Kainantu Gold Mine delivered a record production of 44,304 ounces gold equivalent in Q3 2024.
Financial Performance and Guidance
Revenue of $122.7 million with a significant increase in gold sales at a higher average selling price. Cash cost of $584 per ounce and all-in sustaining cost of $941 per ounce, both significantly below guidance.
Stage 3 and Stage 4 Expansion Plans
Stage 3 expansion commissioning is on track for Q2 2025, and 69% of Stage 3 and Stage 4 growth capital has been spent or committed.
Strong Financial Position
Ended Q3 with $120.3 million in cash, a working capital balance of $122.8 million, and access to additional liquidity through credit facilities.
Exploration Success at Arakompa
Significant exploration results with potential thick high-grade zones discovered, increasing the strike length by 250 meters.
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TSE:KNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$8.28 | C$8.50 | +2.66% |
| Aug 13, 2024 | C$7.44 | C$7.51 | +0.94% |
| May 13, 2024 | C$8.02 | C$7.72 | -3.74% |
| Apr 01, 2024 | C$6.37 | C$6.74 | +5.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does K92 Mining Inc (TSE:KNT) report earnings?
K92 Mining Inc (TSE:KNT) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is K92 Mining Inc (TSE:KNT) earnings time?
K92 Mining Inc (TSE:KNT) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KNT EPS forecast?
TSE:KNT EPS forecast for the fiscal quarter 2024 (Q4) is 0.26.
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